EUR 27 Weekly oil bulletin n° 2113, prices at 22/08/2022 - Bulletin pétrolier hebdomadaire EUR 27 n° 2113 prix au 22/08/2022 - EUR 27 Wochentliche oil bulletin n° 2113, preise am 22/08/2022

DUE TO RUSSIAN AGGRESSION ON UKRAINE (WHICH BEGUN ON 24.02.2022), ALL INTERNATIONAL ENERGY PRICES WENT UP TO A NEW LEVEL. Prices for Euro 95, Diesel, and LPG calmed a bit due to decrease of oil price on global markets. The heating oil prices went down also due to end of the heating season for some (northern) Member States. Croatia relaxed its administrative price cap for Euro Super 95 and Diesel and was joined by Hungary from 15/11/2021 and Slovenia with price cap on Heating oil from 15/11/2021. Greece has floating Other indirect taxes that change every week. New VAT of 25% on all fuels introduced by Sweden from start of 2022. New excise taxes from start of 2022 enacted by Denmark, Luxembourg, Netherlands, Poland, Romania, Portugal, Spain and Sweden. New Other indirect taxes enacted by Belgium, Latvia, Cyprus, Ireland, Hungary and Portugal. Poland reduced VAT to 8% and Slovenia reduced excise taxes from February. Spain and France introduced rebates on retail price up to 15% from April 1st. Italy increased temporarily Excise Duty to Gasoil and Carbon Tax to Gasoil & Fuel Oil from 1 May 2022. Sweden reduced excises on gasoline and diesel. Slovenia reintroduced price caps for Eurosuper 95 and Diesel. Portugal lowered further excise tax on Eurosuper 95 and Diesel. Czechia lowered further excise tax on Eurosuper 95, Diesel and Heating oil. Croatia and Portugal further reduced excise taxes from June. Germany introduced temporary lowering of excises on Eurosuper 95 and diesel. Slovenian reduction of other indirect taxes (CO2 tax obligation) from 21.6.2022 for Diesel, EuroSuper and Heating Gas Oil ended on 2.8.2022. Hungarian reduction of excises ended on 15.08.